Forms, Filing and Pitfalls: filing requirements and deadline for non-residents with US portfolio investments and US persons with foreign accounts

On October 26, 2017 a breakfast event was hosted at Citco Gateway on Park Avenue in New York where a partner of a prominent accounting firm spoke to an audience of professionals from the private wealth management industry about the various forms and filings that their clients should be mindful of when making cross border investments into and from the US. A lot of time was spent to discuss the revised IRS form 5472 and its implications for US disregarded entities.